The dollar pulled away from seven-week highs today, amid speculation that U.S. President Donald Trump’s choice for the next head of the Federal Reserve could be a less hawkish candidate than had previously been expected.

The greenback had reached its highest since mid-August against a basket of major currencies on Tuesday, driven by stronger economic data, as well as expectations for another Fed rate hike by the end of the year and a revival of the so-called “Trumpflation trade”.

The Euro has been under pressure this week by worries over Catalonia, after a violence-marred independence referendum. The common currency appeared largely unruffled by Catalonia’s leader, Carles Puigdemont, saying on Tuesday that the region would declare independence in a matter of days.